CBUAE's gold reserves surpass AED24 billion by end of October 2024

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The golden reserves of the Central Bank of the United Arab Emirates (CBUAE) surged by 34.8 during the archetypal 10 months of 2024 reaching AED24.464 cardinal by the extremity of October 2024.

This represents a month-on-month summation of 5.5%, oregon AED1.28 billion, bringing the full golden reserves to AED24.464 cardinal compared to AED23.185 cardinal astatine the extremity of September.

According to the CBUAE's Monthly Statistical Bulletin for September released connected Wednesday, the bulletin indicated that the worth of request deposits exceeded AED1.078 trillion astatine the extremity of October, of which AED781.528 cardinal were successful the section currency.

It added that the savings deposits reached AED308.239 billion, of which astir AED259.1 cardinal is denominated successful the section currency. Furthermore, clip deposits person reached AED926.921 billion, with astir AED541.3 cardinal successful section currency.

The statistical bulletin revealed a monthly summation successful the nett planetary reserves of the UAE banking sector, reaching AED1.406 trillion astatine the extremity of October, compared to AED1.317 trillion astatine the extremity of September.

The bulletin besides revealed a important summation successful the worth of transactions processed wrong the country's banking assemblage via the UAE Fund Transfer System (UAEFTS), exceeding AED16.137 trillion successful the archetypal 10 months of this year.

The statistic besides indicated that the worth of circulated cheques, based connected their e-images, exceeded AED1 trillion during the archetypal 10 months of 2024, reaching AED1.1 trillion implicit much than 18.749 cardinal checks.

Furthermore, the worth of currency withdrawals from the CBUAE from the opening of the twelvemonth until the extremity of October reached astir AED171.57 billion, portion currency deposits with the cardinal slope amounted to astir AED159.3 billion.

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